Recordation taxes; changes basis on which taxes are calculated on transfer of real estate. (HB1823)

Introduced By

Del. Dave Albo (R-Springfield)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Recordation taxes; basis. Changes the basis on which recordation taxes are calculated on the transfer of real estate to (i) the stated consideration for the real estate, or (ii) when the consideration is nominal or when the sale is through foreclosure or other similar sale, the appraised value of the property. Under current law the basis is the consideration for the real estate or the value of the real estate, whichever is greater. Read the Bill »


Bill Has Failed


01/12/2009Prefiled and ordered printed; offered 01/14/09 097764404
01/12/2009Referred to Committee on Finance
01/16/2009Assigned Finance sub: 2
01/16/2009Impact statement from TAX (HB1823)
01/28/2009Subcommittee recommends incorporating into HB2135 by voice vote
02/02/2009Incorporated by Finance (HB2135-Miller, J.H.)